Charitable Giving in Winter Springs, Florida

Find the right Charitable Giving attorney in Winter Springs, FL

Charitable giving in Winter Springs, Florida is the giving of money or some other asset to a charitable cause.

In general, it's very easy to make a charitable donation to a cause you want to help. Whether it involves writing a huge check, or dropping spare change in a donation jar, a huge majority of charitable gifts are made simply by giving money away, with no intermediary or other complex legal arrangements.

Some people, however, may be especially dedicated to a certain cause, giving rise to a desire to donate a very large percentage of their assets to it. However, during life, this is frequently infeasible, since people have their own expenses that they have to cover. So, people often put off this donation until after their death.

There are many ways to give a charitable gift that does not take effect until after the donor dies. The simplest and least complex way to do this is a simple testamentary gift in a will - wherein a certain amount of the donor's money is transferred to the charity upon the donor's death.

Charitable Trusts in Winter Springs, Florida

Charitable trusts are arrangements that involve handing possession (but not necessarily ownership) of money or property over to a charity, either during the donor's life, or after their death.

In a charitable trust, the property is still technically owned by the donor, but the recipient retains possession and control over it. As the trustee, the charity is free to use the money for any purpose laid out in the trust agreement. With a charitable trust, trustees are generally only allowed to use the money to advance their organization's charitable mission.

The most common type of Winter Springs, Florida charitable trust is known as a "charitable remainder trust." Under this arrangement, some of your money or property is directed to your charity of choice. The charity then invests the money, while giving a percentage of the income generated by these investments to you or a beneficiary of your choice, for a determinate period of time. Once this time is up, ownership of the original fund transfers to the charity.

Wanting to help a charitable cause is, of course, a good thing. Nonetheless, some people seek to take advantage of our good intentions through fraudulent charities. If you want to help ensure that any money you donate to an organization is actually used for a charitable cause, and that your donation will be tax-deductible, you should check to see that the organization is actually tax-exempt. You can find this information from the IRS and/or the agency accountable for taxation in

Do I Need a Winter Springs, Florida Attorney?

When attempting to create a charitable trust, or make another charitable donation, the first thing you should do is discuss this with the organization you want to make the donation to. They will probably be able to advise you on how to donate your money in the way that will be most useful to them. And, of course, you should speak with an attorney in Winter Springs, Florida, who will usually be able to make the process much easier.

Talk to a Wills, Trusts and Estates Law Attorney now!

Life in Winter Springs

With a population of just around 35,000 Winter Springs, Florida is a popular city to visit and live in. Winter Springs is located in Seminole County and comprises 14.1 square miles. The city has seven public schools and two private schools within its city limits.

The city of Winter Springs has been recognized as a top place to live by Money Magazine and was recently ranked the second best city to live in Florida. With so much recognition it is easy to see why so many businesses have decided to call Winter Springs Home.

Professionals such as bankers, accountants, and lawyers also take advantage of the work/life balance the city of Winter Springs has to offer. Winter Springs lawyers are skilled in a range of practice areas and are always happy to help their local client with whatever legal issue he or she may be dealing with at the time. Whether looking for simple solution to a small legal problem or engaged in a lengthy trial, Winter Springs lawyers are some of the best in the business.

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